ok nt ences Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10% Problem 10-4A (Algo) Part 1 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $700,000 on January 1, 2020 at an issue price of $643,419. Note: Enter debits before credits. Date: General Journal Debit Credit January 01 Record entry Clear entry View general journal < Prev 4 5 6 7 of 13 Next >